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obama's job number one, a tax cut for the 98%. the rest of the people. let's listen to him. >> it's not acceptable to me and i don't think it's acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. all right? that doesn't make sense. the senate has already passed a bill to keep income taxes from going up on middle class families. that's already passed the senate. your members of congress, like allyson and chaka, other democrats in the house, they're ready to go, they're ready to vote on that same thing. if we can just get a few house republicans on board, we can pass the bill in the house, it will land on my desk, and i am ready, i have got a bunch of pens ready to sign this bill. >> 30 minutes after the president was finished, house speaker john boehner held a press conference, and he left unanswered the president's call for decoupling that 98% from the richest 2%, and he gave a pessimistic assessment of the situation. let's listen to
obama's job number one, a tax cut for the 98%. the rest of the people. let's listen to him. >> it's not acceptable to me and i don't think it's acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. all right? that doesn't make sense. the senate has already passed a bill to keep income taxes from going up on middle class families. that's already passed the senate. your...
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bottom line, they're going to have to get together, john boehner and president obama and work this out together. that's the only way, craig. >> mike viqueira i love us when y you. >>> republicans want specific cuts laid out in exchange for tax increases. today's "wall street journal" features an interview with mitch mcconnell providing some fresh clearly on a plan that he would like to see emerge telling the paper that he'd agree to hire medicare premiums for the wealthy and increase in the medicare eligibility age and slowing costs of living increases for social security. let's dig in now with molly ball, national political reporter for "atlantic" and also lynn sweet, washington bureau chief of "chicago sun-times." ladies, good afternoon. >> hello to you. >> molly, senator dick durbin saying right here on tuesday on "morning joe" that he could see $400 billion, at least $400 billion in entitlement cuts. is that going to be as hard of a sell to the left as raising rates will be to the right? >> in a word, yes. there are a lot of democratic groups right now really pushing for no changes
bottom line, they're going to have to get together, john boehner and president obama and work this out together. that's the only way, craig. >> mike viqueira i love us when y you. >>> republicans want specific cuts laid out in exchange for tax increases. today's "wall street journal" features an interview with mitch mcconnell providing some fresh clearly on a plan that he would like to see emerge telling the paper that he'd agree to hire medicare premiums for the...
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what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> even as we make very tough fiscal choices, we're going to keep investing in these programs. >> reporter: he went online on youtube and twitter explaining why he thinks the rich should pay more. going over the fiscal cliff could cost america jobs. >> we're only expanding 2% right now. it needs to be considerably higher to bring more people off unemployment. >> reporter: for the jobless, president obama is asking congress for millions more. and more on the president's plan which will pitch to governors today largely spares social se
what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon...
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obama's plan for the fiscal cliff includes 400 billion or so in unspecified cuts, while the republicans have offered 800 billion in unspecified higher tax revenues. has either side gotten specific enough for you guys? >> they haven't gotten specific enough yet, but they both staked out positions that are imminently compromisable. there's good common ground there. what's preventing that? the republicans saying we'll never raise taxes. the problem is taxes are scheduled to go up. they can't say no to that. they will go up. the only real question for the obstructionists in the republican party is, seriously, you're going to block atax cut? that's what it is. >> i want to play some sound from our friend david gergen on cnn yesterday and get you to comment. >> since this election i think the democrats are the ones who are really trying to rub it in and almost humiliate the republicans, and that's not going to get to a bargain. i think it has to be win-win. you hear among some democrats right now and it's disturbing that maybe just ought to take it over the cliff. we'll score political points
obama's plan for the fiscal cliff includes 400 billion or so in unspecified cuts, while the republicans have offered 800 billion in unspecified higher tax revenues. has either side gotten specific enough for you guys? >> they haven't gotten specific enough yet, but they both staked out positions that are imminently compromisable. there's good common ground there. what's preventing that? the republicans saying we'll never raise taxes. the problem is taxes are scheduled to go up. they can't...
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. >> professor reich, the president has offered a mix of taxes and spending cuts in his plan. mr. boehner responded with the ryan budget five minutes after saying they wanted a bipartisan solution. have they put any thought whatsoever into any of this? what have they been doing on all their days off. >> i don't think they've been doing anything but licking their wounds. basically the republicans are hunkered down. they don't seem able or willing to come up with any compromise, any genuine compromise, they haven't for the entire administration up until now. why should we suppose they're going to do so right at this moment? it's a lame duck congress. anybody who thinks this congress is going to come up with and the republicans in this congress are going to come up with some solution doesn't understand the republican house of represent at thises and doesn't under ducks. >> to that point, 114 million americans will see their taxes go up in four weeks. i mean, you say this is a lame duck congress, but there was an election and there is an impending cliff. >> well, i understand that
. >> professor reich, the president has offered a mix of taxes and spending cuts in his plan. mr. boehner responded with the ryan budget five minutes after saying they wanted a bipartisan solution. have they put any thought whatsoever into any of this? what have they been doing on all their days off. >> i don't think they've been doing anything but licking their wounds. basically the republicans are hunkered down. they don't seem able or willing to come up with any compromise, any...
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tax cuts, and sort of dare the republican party not to vote for, you know, a new round of obama tax cuts. politically the president holds those but it's more important than that. the american people, after looking at options presented to them reclearly with a return of president obama to the white house, or initiating mitt romney presidency, chose a return of president obama to the white house and therefore gave him a very clear mandate to hold the line on the question of entitlements there when it comes to talking about entitlements, or earned benefits as progressives like to refer to it, what is the way that the president and those on the left can look and also appear to the right to be willing to compromise? what can they put on the table, if anything? >> well, i just don't think that any of us think that it is a reasonable idea to over the course of the next week and a half, over the course of the holiday season, for the president and this congress, which is a lame duck congress, to engage in major entitlement reforms of programs that have helped to lift millions of americans ou
tax cuts, and sort of dare the republican party not to vote for, you know, a new round of obama tax cuts. politically the president holds those but it's more important than that. the american people, after looking at options presented to them reclearly with a return of president obama to the white house, or initiating mitt romney presidency, chose a return of president obama to the white house and therefore gave him a very clear mandate to hold the line on the question of entitlements there...
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or the righteous thrill of cutting medicaid assistance from those obama-loving takers. for nearly 100 years now you were just this boring, nondescript wallflower, never drawing attention to yourself. when congress through spending and tax cuts came up against your limits, you were wordlessly elevated. they barely gave you a second glance. it was a waste of time to deal with you, but waste of time is what congress does. 74 times you have been raised since the '60s. you saw wars, peace, a man on the moon, and no matter how you batted your fiscal eyelashes, nobody cared. invisible. now, all of a sud be the tea parties can't keep their hands off you. like a case of fiscal syphilis you put the entire body in peril, and i know this disease is no fault of your own. congressional republicans have decided that consequences be damned, threatening the country with national default by refusing to lift you after having already voted to cut taxes and spend until you absolutely must be raised is somehow a useful tool for getting their way. i know you love all the attention, but seriou
or the righteous thrill of cutting medicaid assistance from those obama-loving takers. for nearly 100 years now you were just this boring, nondescript wallflower, never drawing attention to yourself. when congress through spending and tax cuts came up against your limits, you were wordlessly elevated. they barely gave you a second glance. it was a waste of time to deal with you, but waste of time is what congress does. 74 times you have been raised since the '60s. you saw wars, peace, a man on...
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obama's job number one, a tax cut for the 98%. the rest of the people. let's listen to him. >> it's not acceptable to me and i don't think it's acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. all right? that doesn't make sense. the senate has already passed a bill to keep income taxes from going up on middle class families. that's already passed the senate. your members of congress, like allyson and chaka, other democrats in the house, they're ready to go, they're ready to vote on that same thing. if we can just get a few house republicans on board, we can pass the bill in the house, it will land on my desk, and i am ready, i have got a bunch of pens ready to sign this bill. >> 30 minutes after the president was finished, house speaker john boehner held a press conference, and he left unanswered the president's call for decoupling that 98% from the richest 2%, and he gave a pessimistic assessment of the situation. let's listen to
obama's job number one, a tax cut for the 98%. the rest of the people. let's listen to him. >> it's not acceptable to me and i don't think it's acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. all right? that doesn't make sense. the senate has already passed a bill to keep income taxes from going up on middle class families. that's already passed the senate. your...
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the $400 billion on the table with obama care or with medicare that the republicans deny cuts. who is telling the truth here? >> well, the real issue is whether you're cutting things to beneficiaries or using those cuts to really transform the system to make it more modern. and i think as they did in the campaign, they are trying to say this will harm beneficiaries. but you can make cuts without harming beneficiaries. we released a report where we had $385 million in cuts to medicare and without taking it out of beneficiaries. . >> so this is a valid proposal of savings of $400 billion, but republicans deny that. >> the president has put on a bold proposal. the important thing i would say is, there's one way of cutting. you just whack the system. take money out. make what you pay the doctors or hospitals less. but the real interesting and important thing is to try to transform the system going forward so that we're not spending increases well beyond inflation or the growth in gdp. that's going to be the key. >> so part of the transformation here would be to allow medicare to ne
the $400 billion on the table with obama care or with medicare that the republicans deny cuts. who is telling the truth here? >> well, the real issue is whether you're cutting things to beneficiaries or using those cuts to really transform the system to make it more modern. and i think as they did in the campaign, they are trying to say this will harm beneficiaries. but you can make cuts without harming beneficiaries. we released a report where we had $385 million in cuts to medicare and...
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the obama team has put the budget in front of him. he knows what the cuts are. for him to go in front of the american public and be disingenuous about he doesn't know what the specifics are is a flat-out lie. get your cell phones out. i want to know what you think. tonight's question, who is john boehner fooling? text a., for no one, b. for himself to 622639. always go to our blog at ed.msnbc.com. we'll bring you the results later on in the show. joining me now, richard wolffe, not a card player, but msnbc political analyst and vice president, executive editor of msnbc.com. i thought it was an academy award performance by boehner today. >> pretty good, huh? >> he knows what the numbers are, don't you think? >> he knows what the numbers are and what the other side is holding here. he has to pretend like he fought for something. he has no leverage. tom cole isn't just a guy from oklahoma. he led the republican conference. that's the ideological core, those are the sort of torch holders for the whole movement. and so when tom cole says, we got to go with what we've
the obama team has put the budget in front of him. he knows what the cuts are. for him to go in front of the american public and be disingenuous about he doesn't know what the specifics are is a flat-out lie. get your cell phones out. i want to know what you think. tonight's question, who is john boehner fooling? text a., for no one, b. for himself to 622639. always go to our blog at ed.msnbc.com. we'll bring you the results later on in the show. joining me now, richard wolffe, not a card...
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he'll have time, then, to introduce the obama tax cuts and basically dare the republican -- the 113th congress not to vote for him. >> when he puts out his plan, then you hear, chris, i was very intrigued by the statement that charles made on fox, that the obama offer is worse than what was offered to general lee at the end of the civil war. listen to this. >> it's not just a bad deal. this is really an insulting deal. what git near offered on the screen, robert e. lee was offered better deals and he lost the civil war. this is almost unheard of. mine, what do they expect? they obviously expect republicans to cave on everything. i think republicans ought to simply walk away. >> chris, i think with lincoln outdone, i think he could have used a better analogy. >> look, the funny thing is the end of that statement, which is, i keep saying, rush limbaugh keeps saying, walk away. walk away. if they walk away, all of the taxes go up. the delicious irony, i will note, is to have them sunset so the cost was lower than what it would be if therm permanent and the can was kicked down the road tw
he'll have time, then, to introduce the obama tax cuts and basically dare the republican -- the 113th congress not to vote for him. >> when he puts out his plan, then you hear, chris, i was very intrigued by the statement that charles made on fox, that the obama offer is worse than what was offered to general lee at the end of the civil war. listen to this. >> it's not just a bad deal. this is really an insulting deal. what git near offered on the screen, robert e. lee was offered...
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to medicare in obama care, i don't think that romney ever really sold to the public significant cuts, significant changes to the medicare program. so republicans in the abstract want this. i feel like they haven't spelled out the painful cuts they're putting on the table and part of what obama is trying to do is force them to do that. >> yes. because he himself has not made any mention of it and, you know, david gregory this morning on "morning joe" saying it's going to be painful for both sides. the president trying to outsource that, pardon the use of a loaded term, to the gop, joy. >> nobody wants to talk about what they want to cut. that's the thing in washington. why you don't see the budget shrink. talking about cuts means school lunches or cut medicare. when romney andline talked about cutting medicare they had this carve out for people over 55. they said don't worry, you won't have to feel any pain. that's not even on the table. they lost with that proposition and republicans are saying look we've got to go back and admit to our wealthy donors we lost on the issue of upper in
to medicare in obama care, i don't think that romney ever really sold to the public significant cuts, significant changes to the medicare program. so republicans in the abstract want this. i feel like they haven't spelled out the painful cuts they're putting on the table and part of what obama is trying to do is force them to do that. >> yes. because he himself has not made any mention of it and, you know, david gregory this morning on "morning joe" saying it's going to be...
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you'll have 98% of the american people who will get a tax cut under president obama's proposal, 97% of american small businesses will get a tax cut. so why not come to a negotiated deal on the things that we agree on and put aside the other things. we don't thesely have to agree on those 2%. let's work on where there is some sort of compromisable solution or common ground. >> michael sm, what do you thins going on behind these meetings, what do you think these conversations are like? >> i don't know. i'm frustrated by the approach. i don't like the way this is all being litigated publicly and maybe it there's not an alternative. it seems that this deal gets done when the president is behind closed doors with john boehner. i think that's what it will take. it speaks to me, craig, of how there's no socialization left in washington. members of congress are there tuesday through thursday. they get out of dodge. their kids aren't in school there. not enough sharing of cocktails among one another. and frankly, i think they need to spend more time together and stop litigating this thing openl
you'll have 98% of the american people who will get a tax cut under president obama's proposal, 97% of american small businesses will get a tax cut. so why not come to a negotiated deal on the things that we agree on and put aside the other things. we don't thesely have to agree on those 2%. let's work on where there is some sort of compromisable solution or common ground. >> michael sm, what do you thins going on behind these meetings, what do you think these conversations are like?...
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and second of all, that's exactly what we did, that's what obama care does. make the program much more efficient. >> but what about this idea of raising the entitlement age so the age at which you qualify for some of these? i mean, the president in his original grand bargain discussions with speaker boehner allegedly floated the idea of raising the age to 67. is that something you would consider? >> it is based on the premise that we're all living longer, but you know what, martin? if you're a lower income person, if you're in the lower half of income, you are not living longer, and if you're a poor woman, you have actually lost ground when it comes to longevity. and so it's perfectly fine for many of these ceos, each of whom has an average of $9 million in their retirement fund, to say that we ought to raise the retirement age because we're all living longer. that really isn't happening, and i have people in my office literally crawling in almost almost every week saying i hope i can make it until i'm 65 years old. i need to have this procedure or that proce
and second of all, that's exactly what we did, that's what obama care does. make the program much more efficient. >> but what about this idea of raising the entitlement age so the age at which you qualify for some of these? i mean, the president in his original grand bargain discussions with speaker boehner allegedly floated the idea of raising the age to 67. is that something you would consider? >> it is based on the premise that we're all living longer, but you know what, martin?...
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the politician suggested the gop should accept president obama's plan to extend tax cuts and debate the tax hikes for the wealthy. >> i do believe we should take things where we agree with the president and take them off the table one at a time. this would strengthen our position in the course of the negotiations. >> joining me e is former governor howard dean and congressman tom davis. hello, you guys. good to have you both. so representative davis, i will begin with you. congressman kohl says this move would strengthen the gop position. do you agree or do you think it's a risky approach? >> well, it's a little of both frankly. when you give that up, there's nothing left for the president to agree to. he's won the day. the problem with that is everybody goes off the cliff at this point. everybody's taxes go up and does that strengthen your position? the problem is you need one spokesman for the republicans. the republicans can't have a lot of members out there freelancing their own ideas. you look divided. >> we had timothy geithner defending the plan to avert the fiscal cliff. let's t
the politician suggested the gop should accept president obama's plan to extend tax cuts and debate the tax hikes for the wealthy. >> i do believe we should take things where we agree with the president and take them off the table one at a time. this would strengthen our position in the course of the negotiations. >> joining me e is former governor howard dean and congressman tom davis. hello, you guys. good to have you both. so representative davis, i will begin with you....
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what kind of political positioning is this and there was an election and obama and senator demint was on fox and more power in the senate than he did in. now watch this. >> this is a dream job for me. it critically important. i don't think republicans are going to win another national election until they first convince americans that our principles work. i think i'm in a more powerful position than a single united states senator. >> being in the minority is no fun but that's a pretty pathetic statement about what it means to be in the minority. the thing that bugs me about demint choosing to do this is immigration is going to be one of the first things that the senate tackles this year. he was a big player in 2007 pushing against bush effort for bipartisan reform. he was taking about building a 700-mile long wall along our south border. i'm not certain why he would choose this moment. >> have a great weekend. >> you, too. >>> she jumped in our hearts at the london games and now she's writing all about it on how she got there. gold medal winner gabby douglas is here. she might even tel
what kind of political positioning is this and there was an election and obama and senator demint was on fox and more power in the senate than he did in. now watch this. >> this is a dream job for me. it critically important. i don't think republicans are going to win another national election until they first convince americans that our principles work. i think i'm in a more powerful position than a single united states senator. >> being in the minority is no fun but that's a...
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the republican plan would raise tax revenue by not extending the current obama cut in payroll taxes. but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax rates. if they recognize the reality that we can't afford to extend those tax rates, then we have a basis for the agreement and that's going to be the responsible thing to do and my judgment is they are going to do it. >> joining me now, ezra klein, huffington post, ryan grim. ezra, what do you make of the boehner proposal that was kind of cribbed from erskine bowles? >> two things. one, republicans are terrified about by the polls showing that they are going to immediately get blamed if they are not willing to compromise. the reason you initiate the bowles' plan is you say, look, they are going along with t
the republican plan would raise tax revenue by not extending the current obama cut in payroll taxes. but the republican plan still refuses to raise the top income tax rates. yesterday, treasury secretary tim geithner made it clear that there can be no deal without higher top tax rates. >> last question, can you promise that we will not go over the cliff? >> no, i can't promise that. that's a decision that lies in the hands of the republicans that are now opposing increases in tax...
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and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy for raising the age for eligibility for medicare, for example. i'm not sure that that's a trade that they are eager to make immediately. >> let me show you the side by side comparison. the president wants $1.6 trillion in revenue and republicans want to cap the same deductions for the rich but republicans want to change the age to 67 and change the way they calculate social security payments. i wonder, though, when we look at these numbers, are we that far apart in. >> i think they are definitely rather far aare part at this moment in time. yeah, absolutely. >> so there are so many ways that any of this could affect the average tack payer, obviously if taxes go up. but what about funding to states and localities. i know that one of the things that they are concerned about is that when you make cuts, that essentially those cuts are going to come on their budgets. what could happen in a meeting like this between bipartisan governors and the president? >
and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy for raising the age for eligibility for medicare, for example. i'm not sure that that's a trade that they are eager to make immediately. >> let me show you the side by side comparison. the president wants $1.6 trillion in revenue and republicans want to cap the same deductions for the rich but republicans want to change the age to 67 and change the way...
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conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the biggest, coldest power play of all in obama care came at the expense of the elderly. $716 billion, funneled out of medicare by president obama >> my plan's already extended medicare by nearly a decade. their plan ends medicare as we know it. >> on medicare, for current retirees, he's cutting is $716 billion from the program. i can't understand how you can cut medicare $716 billion for current recipients of medicare. >> look, these guys haven't been big on medicare from the beginning. their party's not big on medicare from the beginning. folks, use your common sense. who do you trust on this? >> so, now, of course, given all the campaign rhetoric coming from both sides, we are on the other side of an election that proved that there is a bipartisan consensus, that it is bad to be the kind of p
conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the biggest, coldest power play of all in obama care came at the expense of the elderly. $716 billion, funneled out of medicare by president obama >> my plan's already extended...
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the republican house leader wants $2.2 trillion in spending cuts. and how would he do it? republicans refuse to raise taxes on the rich. unbelievable. instead, they want to slash billions from health care, raise the medicare eligibility age and hack away billions from entitlement programs. these are their great compromises? doesn't seem like they've learned much from the election, which they lost. joining me now is senator bernie sanders, independent from vermont. senator, thank you for being here tonight. >> my pleasure. >> what's your reaction to the republican counteroffer? >> not only is what they are absurding absurd, i think they are crazy politically. i think when the people understand that they want to maintain tax breaks for millionaires and billionaires, whose effective tax rate is very, very low and at the same time they want to balance the budget by cutting social security, medicare, and medicaid, i think people all over this country are going to say, you guys are nuts. you're really out of touch with what ordinary americans are thinking and believing. >> now,
the republican house leader wants $2.2 trillion in spending cuts. and how would he do it? republicans refuse to raise taxes on the rich. unbelievable. instead, they want to slash billions from health care, raise the medicare eligibility age and hack away billions from entitlement programs. these are their great compromises? doesn't seem like they've learned much from the election, which they lost. joining me now is senator bernie sanders, independent from vermont. senator, thank you for being...
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extending middle class cuts boosts consumer demand and growth. the white house released a video today showing how president obama has been consistent on his message throughout the last couple of years. it was central to his campaign. >> we need to give tax relief to working families trying to raise their kids to keep them healthy, send them to college, keep a roof over their heads. that's the choice in this election. that's one of the reasons i'm running for a second term as president. >> how quickly we forget. in the words of secretary timothy geithner, this is why republicans have no choice but accepting the tax increases on the wealthiest americans. >> why does it make sense for the country to force tax increases on all americans because a small group of republicans want to extend for 2% of americans? why does that make any sense. there's no reason why that should happen. we can't afford those tax rates. we can't afford them. so we're not going to get to the end now without a recognition of republicans of that basic reality. that's going to be
extending middle class cuts boosts consumer demand and growth. the white house released a video today showing how president obama has been consistent on his message throughout the last couple of years. it was central to his campaign. >> we need to give tax relief to working families trying to raise their kids to keep them healthy, send them to college, keep a roof over their heads. that's the choice in this election. that's one of the reasons i'm running for a second term as president....
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president obama proposed $4 trillion in deficit reduction, he has a balanced approach to take care of the middle class and that they have the certainty that they need that we make spending cuts that are significant, that make sense, and that we maintain the things that are going to keep us competitive globally like the central funding for education and innovation, and at the same time we also make sure we ask wealthiest americans to pay a little bit more and when it comes to our tax policy that if you work hard and play by the rules in america that everybody has a chance to succeed and that's why you've seen ceos from across the country sign on to that notion, with president obama, saying it's okay if we raise rates a little bit for folks who make more than $250,000 a year. the world is not going to come to an end. there are republican and conservative analysts and thought leaders like bill kristol who have said that. why the republicans in the house who really are still very entrenched with their tea party mentality have not yet understood that, and are still dug in, is really frustr
president obama proposed $4 trillion in deficit reduction, he has a balanced approach to take care of the middle class and that they have the certainty that they need that we make spending cuts that are significant, that make sense, and that we maintain the things that are going to keep us competitive globally like the central funding for education and innovation, and at the same time we also make sure we ask wealthiest americans to pay a little bit more and when it comes to our tax policy that...
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obama is capable of managing the economic fallout of it. that's another reason why i think it's important that geithner is the front man here, that geithner is the type of guy who can talk to the street in a way that's very assuring. >> the street, not the streets. >> yeah. >> also if they -- if we go over the cliff, i mean, the republicans then look like they let it happen all for the 2% as michael was saying because that's what this becomes about. that's not something they want. it doesn't put them in a good position. to some degree this is a choreographed dance that has to happen. they cannot come to a deal without a humongous fight. >> this is also the white house i think has managed the optics well on this and dubbed it the great reasonableness tour of 2012. it's not a coincidence that the president was golfing with bill clinton this sudden. that is as much the president likes golf as much as an effort to say, here i am with the great dealmaker, the reasonable guy that everybody likes, regardless of whether clinton's actually giving hi
obama is capable of managing the economic fallout of it. that's another reason why i think it's important that geithner is the front man here, that geithner is the type of guy who can talk to the street in a way that's very assuring. >> the street, not the streets. >> yeah. >> also if they -- if we go over the cliff, i mean, the republicans then look like they let it happen all for the 2% as michael was saying because that's what this becomes about. that's not something they...
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president obama rejected the latest proposal from john boehner. the president and the democrats are focused on revenue and they are determined to make sure that the top tax rates go up. >> unfortunately, the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> harry reid wasted no time explaining why the boehner proposal is not serious. >> math. you can't get from here to there unless you raise the rates. that's why romney couldn't explain it during the presidential election. no one can explain it because you can't do it. >> jay carney says the speaker's plans raises more questions than answers. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and ferry dust. >> john boehner's heavy-handed approach to leadership, boehner and the republican steering committee kicked four republican congressmen out of the
president obama rejected the latest proposal from john boehner. the president and the democrats are focused on revenue and they are determined to make sure that the top tax rates go up. >> unfortunately, the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> harry reid wasted no time explaining why the boehner proposal is...
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>>> president obama presses the case for tax hikes on the rich, and the tax cut extension for the middle class, now. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> but republicans aren't budging, accusing the president of avoiding tough choices on spending and wasting time in the effort to avoid the fiscal cliff. >> it's not a serious proposal. and so right now, we're almost nowhere. >> will there be a deal by the end of the year? and what are the consequences for the economy if there isn't one? we'll ask the president's lead budget negotiator, treasury secretary tim geithner. >>> then the view from capitol hill. are democrats as divided over cutting medicare as republicans are over tax increases? with us, two voices calling for compromise. republican senator bob corker of tennessee and democratic senator claire mccaskill of missouri. >>> finally, our special economic roundtable. as both sides battle over the nation's fiscal health, what can we expect from the economy in a second obama term? what is the visi
>>> president obama presses the case for tax hikes on the rich, and the tax cut extension for the middle class, now. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> but republicans aren't budging, accusing the president of avoiding tough choices on spending and wasting time in the effort to avoid the fiscal cliff. >> it's not a serious proposal. and so right now, we're almost nowhere....
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in the next hour and a half, president obama will continue the great reasonableness tour of 2012. visiting a middle class family in northern virginia with the aim of putting more pressure on congress to extend middle income tax cuts. majority leader harry reid did his part for the cause on the senate floor today. >> so it's apparent how this will end. the only question is, when will it end? it's how long will speaker boehner make middle class families wait for relief and how long will he force the financial markets to wait for uncertainty. >> joining the panel now, the sage of capitol hill, the seasonally elegant luke russert. >> thank you so much for having me. >> you get a special intro when you arrive on set a little late. thrilled to have you here, with ongoing deliberation on capitol hill, you are the eyes. >> eyes and ears hopefully. yet i'm here, congress is recessed this week. >> always a reason, my friend. the fact that tim geithner came out and said, we will go over this cliff, is somewhat counter to what the president has been saying thus far. you couple that and the re
in the next hour and a half, president obama will continue the great reasonableness tour of 2012. visiting a middle class family in northern virginia with the aim of putting more pressure on congress to extend middle income tax cuts. majority leader harry reid did his part for the cause on the senate floor today. >> so it's apparent how this will end. the only question is, when will it end? it's how long will speaker boehner make middle class families wait for relief and how long will he...
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should president obama stand his ground on tax cuts for the wealthy even if it means going over the cliff. tweet me @thomasaroberts. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like natural grains. you can't argue with nutrition you can see. great grains. search great grains and see for yourself. for multi grain flakes that are an excellent source of fiber try great grains banana nut crunch and cranberry almond crunch. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world, and we do everything we can to be there for them when they need us. [ca
should president obama stand his ground on tax cuts for the wealthy even if it means going over the cliff. tweet me @thomasaroberts. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like natural grains. you can't argue with nutrition you can see. great grains. search great grains and see for yourself. for multi grain...
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the reason why boehner has trouble cutting is deal is not because boehner can't cut a deal. i think in five minutes' time he and obama would come up -- >> excuse me, excuse me, you're wrong. you're wrong. all that grover has to say, all he has to say is, we're in a particular fiscal crunch right now and we've got to make allowances for that. if he did that a lot would change. >> grover only counts because these tea party guys, the 50, 60, 70 in the house, they have a theological opposition to any -- >> let's go -- >> all they're worried about being primaried from the right -- >> i know -- let's talk about the caucus you used to work with. >> very well. >> aren't there a lot of people over there if grover came out and said these are particular times, we have to make a couple adjustments. >> members of congress should not have to negotiate with grover norquist. >> but i'm asking you an open question. would that have been inflauns? >> it could but it would -- for grover he's an activist. he's someone -- he has his ideals and if he compromises on that, that's harder for him. the
the reason why boehner has trouble cutting is deal is not because boehner can't cut a deal. i think in five minutes' time he and obama would come up -- >> excuse me, excuse me, you're wrong. you're wrong. all that grover has to say, all he has to say is, we're in a particular fiscal crunch right now and we've got to make allowances for that. if he did that a lot would change. >> grover only counts because these tea party guys, the 50, 60, 70 in the house, they have a theological...
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president obama seems to be indicating balance means getting more from the wealthy and likely to mean raising rates. as he said today and prior to today, the math doesn't add up if you simply close loopholes, cap deductions, do those sorts of things. we're sort of where we always have been. it's where we have been for several years at least when it relates to congress and the president simply not being able to resolve what are fundamental differences. we talked about this before the election, andrea. the election was supposed to tell us something about what the american public wanted. president obama did win the election. you know, an event has happened as part of the many months where the public comes down on this. >> luke russert, john boehner did yesterday come out with their proposal, the house proposal. is that a nonstarter or move the ball a little bit? >> i would say it's a nonstarter for the white house, but it moves the ball a little bit in the sense it gives us an idea of what the house gop conference would be willing to accept and that is really to put it in place, caps, sp
president obama seems to be indicating balance means getting more from the wealthy and likely to mean raising rates. as he said today and prior to today, the math doesn't add up if you simply close loopholes, cap deductions, do those sorts of things. we're sort of where we always have been. it's where we have been for several years at least when it relates to congress and the president simply not being able to resolve what are fundamental differences. we talked about this before the election,...
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president obama has all the leverage because he knows if it goes over the fiscal cliff, tax cuts expires and he'll never let the top 2% get that tax cut reinstated. if they do what you suggested, vote the tax cut, continue it for the 98%, then the leverage switches to them come the time of the debt limit. they might be able to make a deal where they save some of it so it doesn't go up to 39%. maybe goes up to 37.5%. maybe they do the buffett rule and only raise rates on people making $500,000. they have a little room to leverage but right now they have zero leverage, zero. >> do you agree with that? i don't know if i agree with that. it's hard once the rates go back to 39.6 or whatever they go to, to go back and say, now we to want cut taxes for the rich. what's the reason to do it? the republican party says we have to stop the government, stop paying our debts, don't pay our bills anymore because we have to help out the rich now. that would be the worst situation to be in. >> as the conversation shifts really to the bottom line in the deficit. at the end of the day the whole thing is ab
president obama has all the leverage because he knows if it goes over the fiscal cliff, tax cuts expires and he'll never let the top 2% get that tax cut reinstated. if they do what you suggested, vote the tax cut, continue it for the 98%, then the leverage switches to them come the time of the debt limit. they might be able to make a deal where they save some of it so it doesn't go up to 39%. maybe goes up to 37.5%. maybe they do the buffett rule and only raise rates on people making $500,000....
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leverage is right now. >> the pie is not cut up. luke russert, my friend, the sage of capitol hill, my celebrity doppelganger. >> check out melinda's column about notre dame. >> thank you. >> it is a good column. after the break, revenue on the table, check internal discord about entitlements check. a never-endings discussion about taxes, check. sounds like washington is partying like it's 2011. really deja vu or could this be the beginning of a new story? we will go back to the future when we talk to congressman chris van hollen next on "now." [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up
leverage is right now. >> the pie is not cut up. luke russert, my friend, the sage of capitol hill, my celebrity doppelganger. >> check out melinda's column about notre dame. >> thank you. >> it is a good column. after the break, revenue on the table, check internal discord about entitlements check. a never-endings discussion about taxes, check. sounds like washington is partying like it's 2011. really deja vu or could this be the beginning of a new story? we will go...
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president obama is selling his economic agenda and using all the right tools. the president was surrounded today by middle class taxpayers at the white house as he pushed for an extension of the tax cuts for income below $250,000. he quas quick to highlight the break in the ranks with the republicans. >> i am glad to see, if you've been reading the papers lately, that more and more republicans in congress, seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> president obama isn't talking about some moderate republican or some blue dog democrat, he is talking about conservative republican oklahoma congressman, tom cole. cole is the first republican to openly call for agreeing to middle class tax cuts. >> we all agree that we are not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now. continue to fight against any rate increases, continue to try to work
president obama is selling his economic agenda and using all the right tools. the president was surrounded today by middle class taxpayers at the white house as he pushed for an extension of the tax cuts for income below $250,000. he quas quick to highlight the break in the ranks with the republicans. >> i am glad to see, if you've been reading the papers lately, that more and more republicans in congress, seem to be agreeing with this idea that we should have a balanced approach. so if...
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that president obama has laid out or more entitlement cuts, but something. i think john boehner has to go back to his members and say look, president obama won the election, polling suggests we republicans lose if we go over the cliff, and i got this one thing that's going to mitigate your unhappiness over the fact that we're moving up rates on the wealthiest americans. he needs the third part to sell the whole package. >> and david, there is a jobs report today which sort of mixed news for everyone. it's a good number, down to 7.7%, unemployment, 146,000 new jobs added but the downside is that fewer people were in the labor force a lot fewer, because people gave up on even trying. >> i think this is one of the more provocative questions and get to it on sunday, which is, are we too focused on the debt. are we not focused enough on what the government can be doing to try to spur job growth? beyond just -- >> there was a stimulus piece in the offer from the white house that was laughed at by the -- >> laughed at but could end up surviving. one of the things a
that president obama has laid out or more entitlement cuts, but something. i think john boehner has to go back to his members and say look, president obama won the election, polling suggests we republicans lose if we go over the cliff, and i got this one thing that's going to mitigate your unhappiness over the fact that we're moving up rates on the wealthiest americans. he needs the third part to sell the whole package. >> and david, there is a jobs report today which sort of mixed news...